A basic model of the choice between entrepreneurship(particularly start-ups) and "intrapreneurship" (business venturing byestablished companies) highlights the key distinction between the two types ofbusiness creation: because internal ventures are funded by firms with relatedprojects, failed...

This paper compares the financing of new ventures in start-ups (entrepreneurship) and in established firms (intrapreneurship). Intrapreneurship allows established firms to use information on failed intrapreneurs to redeploy them into other jobs. By contrast, failed entrepreneurs must seek other...

The Economics of Contracts provides a guided tour to the leading ideas in contract theory. It assembles some of the foundational writings on contracting under limited and asymmetric information, incentives and mechanism design. It contains, in particular, the key contributions of five recent...